Ratan Tata invests in B2B marketplace 'Moglix'

New Delhi: Leading industrialist Ratan Tata has invested in Moglix, an e-commerce company specialising in B2B procurement of industrial products, continuing his slew of investments in start-ups across the world.

This is Tata's sixth investment this year after investing in five companies -- DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox - last month.

Tata has invested an undisclosed amount in the company and with his expertise and keen interest in the sector, Tata will play an important role in mentoring Moglix on business growth, global expansion and leadership, Moglix said in a statement.

Founded in August 2015 by former Googler Rahul Garg, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. It specialises in B2B procurement of industrial products such as MRO, fasteners and industrial electricals.

It is partnering manufacturers and distributors across these categories in India, China and other Asian countries.

The top industrialist is an investor in firms like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, China's Xiaomi, Ola and DogSpot.in.

Moglix recently raised pre-Series A funding from Accel Partners and Jungle Ventures and the funds are being used to enhance the technology platform, build a deep supplier base as well as increase marketing spends across Asia.